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Today Date : Wednesday, May 22, 2024

Allcargo Logistics Q2 revenue at Rs 5300 Cr, Q2 EBITDA up 24% YoY to Rs 450 Cr

Allcargo Logistics Q2 revenue at Rs 5300 Cr, Q2 EBITDA up 24% YoY to Rs 450 Cr

The Board of Directors of Allcargo Logistics Ltd, at its meeting held today, approved the financial results for the quarter ended September 30th, 2022. The company reported consolidated revenue of Rs 5,300 Crores for the quarter and EBITDA stood at Rs 450 Crores. 

Profit before tax excluding exceptional income stood at Rs 352 Crores, including share of profit from associates and JVs. In the largest business segment of International Supply Chain (ISC), Ocean Freight rates continued the downward trend which started earlier in the year, with sharp correction in spot freight rates during the quarter. As a result, the revenue witnessed QoQ decline; however, a large part of ocean freight being a pass-through cost, profits remained strong.  The company reported highest ever EBITDA margin.